National Mortgage News, February 13, 2024–Bonnie SinnockPrimis Bank announced Tuesday that it has become the third home lender to publicly use an advanced credit score in conjunction with non-qualified mortgages.Click …
Category: Top National News
The Uninsurable World: What Climate Change is Costing Homeowners
Financial Times, Feb. 12, 2024–Ian Smith, Attracta Mooney, Aime WilliamsRising premiums are a de facto ‘carbon price’ on consumers as extreme weather events become more frequentClick here for more (subscription)
Nearly 89% of U.S. Homeowners with Mortgages Have an Interest Rate Below 6%: Redfin
Fox Business, Feb. 14, 2024–Christopher MurrayAs mortgage rates inch lower towards the 6% mark, the real estate market is cooling. Still, many homeowners still have low interest rates compared to …
Lack of Second Lien Guidance Disrupts VA Assumptions
Home Equity Lending News, February 16, 2024The assumption process on first mortgages guaranteed by the Department of Veterans Affairs is broken, and one of the reasons is the lack of …
Proposed Bank Capital Rules Threaten US Real Estate Financing, MBA Chief Says
Bloomberg, February 12, 2024–Diana LiThe head of one of the largest mortgage trade groups in the U.S. said proposed rules on bank capital levels have the potential to upend the …
Cash-Flush Buyers Dip Into Distressed Commercial Real Estate
Wall Street Journal, Feb. 12, 2024–Peter GrantWith many owners unable to extend their loans, investors are starting to pounce on these propertiesClick here for more (subscription)
Empty Office Buildings Litter Cities, But Real Estate Expert Says Expect Change Soon
NPR, Feb. 8, 2024–Sacha PfeifferNPR’S Sacha Pfeiffer talks with David Smith, head of Americas Insights at the real estate services firm Cushman & Wakefield, about the empty commercial buildings across …
Modest Uptick in Mortgage Delinquencies Seen in Q4 2023
MPA, Feb. 9, 2024-Candyd MendozaThe last quarter of 2023 saw a noticeable uptick in mortgage delinquencies, signaling a shift in the housing finance landscape, as revealed in the Mortgage Bankers …
Bob Broeksmit: Playing to your Strengths in Business and on Capitol Hill
HousingWire, Feb. 9, 2024–Clayton CollinsHousingWire CEO Clayton Collins talked to an industry leader who is well known to many of you: Bob Broeksmit, the President and CEO of the Mortgage …
‘Zombie Offices’ Spell Trouble for Some Banks
The New York Times, Feb. 8, 2024-Jeanna SmialekGraceful art-deco buildings towering above Chicago’s key business district report occupancy rates as low as 17 percent.Click here for more (subscription)